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AngelList lays off a number of staff and cuts executive salaries

AngelList lays off a number of staff and cuts executive salaries

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/06/angellist-lays-off-a-number-of-staff-and-cuts-executive-salaries/

AngelList, a platform that connects angel investors to startups and has roughly $1.8 billion assets under management, has laid off a sizable number of staff and cut executive salaries across all departments, according to a source familiar with the company. AngelList declined to share the number of people who were laid off.

The layoffs, which happened last week, largely impacted the company’s talent arm, which connects job-seekers with startups looking to hire. A source said that the layoffs came as a response to hiring freezes from tech startups waiting out the economic downturn.